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Property profile & analytics
OFF-MARKET
Warehouses
1302 123rd St North Miami, FL 33161-6586
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-1507440
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
8,838 SF
Lot
0.38 ac (16,552 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-000-0160
UPID
US18-1507440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1302 Ne 123rd Street LLC · 1 yrs held
1302 Ne 123rd Street LLC
since 2024
Last sale
$83,000
5 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,978
Tax year 2023
Assessed value
$1,919,000
Assessed 2023
Previous assessed
$1,919,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$827,600
Assessed improvement
$1,091,400
Land market value
$827,600
Improvement market value
$1,091,400
Total market value
$1,919,000
Applied tax rate
600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
2
Total area
8,838 SF
Lot
0.38 ac (16,552 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-000-0160
UPID
US18-1507440
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
1302 Ne 123rd Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12570 NE 14TH AVE, NORTH MIAMI, FL 33161-4439
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
1302 Ne 123rd Street LLC
Arlene Cohen
Quitclaim Deed
related
—
Oct 22, 2024
—
Arlene Cohen
Arlene Cohen
Intrafamily Transfer
related
—
Feb 5, 2010
—
Leon L Cohen Family Trust Funds
Cohen Leon L Living Trust
Quit Claim Deed
related
—
Nov 26, 2002
$800,000
Cohen,tr
Leon L Cohen Ltd
Grant Deed
related
$500,000 · Leon L Cohen Ltd
May 6, 1999
$83,000
Leon L Cohen LP
Webber,h B
Grant Deed
$80,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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